Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Sees Significant Growth in Short Interest

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,622 shares, an increase of 821.6% from the August 15th total of 393 shares. Based on an average daily volume of 2,340 shares, the short-interest ratio is currently 1.5 days. Currently, 2.3% of the shares of the stock are sold short.

Avantis Inflation Focused Equity ETF Price Performance

AVIE stock traded up $0.16 during trading on Friday, hitting $80.24. The stock had a trading volume of 275 shares, compared to its average volume of 1,365. Avantis Inflation Focused Equity ETF has a twelve month low of $62.27 and a twelve month high of $82.03. The company’s 50-day moving average price is $78.57 and its two-hundred day moving average price is $75.19. The stock has a market capitalization of $12.84 million, a P/E ratio of 17.76 and a beta of 0.48.

Avantis Inflation Focused Equity ETF Company Profile

The Avantis Inflation Focused Equity ETF (AVIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed equity fund of US companies involved in sectors or industries that tend to outperform during periods of inflation. AVIE was launched on Sep 27, 2022 and is managed by American Century Investments.